Orders and Supply agreements

-A French automotive company, PSA, said on March 7, 2017, that Korea-based LG and Contemporary Amperex Technology Co., Ltd. would become its alliance partners in producing hybrid vehicles (HVs) and electric vehicles (EVs) in the future. LG is going to supply batteries for the DS7 Crossback hybrid models to be introduced in 2019. Contemporary Amperex Technology is also taking part of the production of the DS7 Crossback vehicles. (From a press release on March 7, 2017)

-BAIC BJEV said its EC200 is equipped with high-performance ternary lithium battery cells from Contemporary Amperex Technology Co., Ltd. The batteries, with low attenuation rate, have an energy density of 130.72 Wh/kg, and can be charged in winter. (From a press release on August 18, 2017)

New company

-On June 19, 2017, SAIC and Contemporary Amperex Technology Co., Ltd.(CATL) held the groundbreaking ceremony of the industrialization cooperation project in Liyang, Changzhou, Jiangsu.The cooperation project refers to the joint venture Contemporary SAIC Power Battery Co., Ltd. and SAIC Contemporary Power Battery Systems Co., Ltd.of SAIC and CATL. Contemporary SAIC registered capital of CNY 2 billion, mainly engaged in development, production, sales and after-services of lithium-ion batteries, and lithium polymer batteries; SAIC Contemporary registered capital of CNY 300 million, mainly engaged in development, production, and sales of power battery systems. The project plans to achieve a total capacity of power batteries for 36GWh (36 billion AH), with a total land area of over 2,000 mu. The first phase of construction of the project, with an investment of approximately CNY 10 billion, covers an area of around 800 mu, and will start production at the end of 2018. Upon completion of the construction, the plant will have a capacity of 18 GWh. (From a press release on June 20, 2017)

New factory

-On September 28, 2016, Contemporary Amperex Technology Co., Ltd. held a groundbreaking ceremony for its new lithium-ion battery plant in Yangtze delta at the Jiangsu Zhongguancun Science and Technology Industrial Park. The total investment in the project is CNY 10 billion, and the new plant will be built on a site of 666,700 square meters. It will have an annual capacity of lithium-ion batteries for 10 GWh, generating sales of CNY 20 billion, and create 7,000 new jobs. Established in 2011, Contemporary Amperex Technology currently supplies power battery systems for electric vehicles (EVs) and hybrid electric vehicles (HEVs) to BMW, SAIC Motor, Beijing New Energy Vehicle, Geely and Changan Automobile. Its total shipments in 2015 reached 2.43GWh. (From a press release on September 28, 2016)

Acquisition

-On January 30, Valmet Automotive and Contemporary Amperex Technology Limited (CATL), entered into a strategic partnership whereby CATL has subscribed to new shares issued by Valmet. After the new share issue, the owners of Valmet Automotive are Pontos (39%), Tesi (39%) and CATL (22%). The companies will build capabilities to support the leading European automotive manufacturers and their suppliers by engineering electric vehicle drive train solutions and supplying battery packs to them. The partnership also strengthens CATL's position to enter the fast evolving European electric vehicle market. Valmet specializes in premium cars, convertibles and electric vehicles. With locations in Finland, Germany and Poland, Valmet is one of the largest automotive contract manufacturers in the world, producing cars for OEMs including Saab, Opel, Porsche, and Mercedes-Benz. (From Valmet Automotive press release from January 30, 2017)

Strategic cooperation

-In November 2017, Changan Automobile announced that it will invest in Contemporary Amperex Technology Co., Ltd. by way of acquiring the fund shares of Zhenjiang Demao Hairun Equity Investment Fund Partnership in order to strengthen its cooperation with CATL. In June 2017, Zhenjiang Demao Hairun Foundation invested 1 billion yuan to participate in CATL with a shareholding ratio of 1.18%. The Changan Automobile Co., Ltd. intends to sign Limited Partnership Transfer Agreement to acquire CNY 0.49 billion of partnership shares with CNY 518,743,029.48, which is from acquisition of China Merchants Fortune Holding Co., Ltd. Zhenjiang Dermao Hairun Foundation. After the acquisition, Changan Automobile will become the limited partner of Zhenjiang Dema Hairun Foundation with a share of 32.67%. (From a press release on November 1, 2017)

-On February, NEVS announced that it has signed a strategic framework agreement with Contemporary Amperex Technology Co., Ltd (CATL) to secure the battery supply for NEVS 9-3 EV in the Chinese market. NEVS received an order from Panda New Energy for 250,000 9-3 EVs, which are being built in NEVS joint-venture factories in Fujian and, beginning in 2018, in Tianjin. (From NEVS press release on February 28, 2017)

-On December 23, 2016, DFAC formally signed the a strategic framework agreement with Contemporary Amperex Technology Co., Ltd (CATL). Under the agreement, the two sides will work together to build a cooperation platform in the new energy automotive industry and form a cooperation situation to support each other, complement each other, develop a coordinated manner, and enjoy mutual benefits.(From a press release on December 26, 2016)

Overseas Investment

-In Oct. 2017, Established a subsidiary called Contemporary Amperex Technology Japan KK in Japan. The new subsidiary capitalized at JPY 49 million, engaged in design, research and development, testing, production, sales of lithium-ion batteries, batteries systems.

-In May 2017, Established a subsidiary called Contemporary Amperex Technology France in France. The new subsidiary engaged in design, research and development, testing, production, sales, trade, technical support, after-service of lithium-ion batteries, batteries systems.

R&D activity

-The company has set up three R&D centers in Ningde, Fujian, Shanghai and Munich, Germany.As of the end of 2016, the company's R&D team has over 500 personnels. There are 150 personnels engaged in R&D team of battery cells, 350 persons R&D team of battery pack systems.

-6% of annual sales is used for research and development. And the company invested 450 million to build a test center for analysis and testing, where owns 5,600 equipments, covering analysis and testing capabilities of materials, batteries, modules, battery packs and battery management systems. Also it has been accredited by CNAS and can authorize the independent release of test reports.

-At present, the company has made four leaps and bounds in the research and development fields of power batteries, such as "long life, high energy density, super fast charge and high safety".In the cycle life of power batteries, it can reach more than 10,000 times; In terms of energy density, the energy density of lithium iron phosphate battery pack system has been increased to more than 130Wh/KG; 5.2C super fast charge products can achieve 12 minutes to complete the charge.

Award

-In July 2017, CATL after-sales service system was certificated by China's national 5-star standard.

-In April 2017, it became one of the first batch "Lithium ion battery industry standard conditions compliance companies by Industry and Information Ministry.

-In 2016, it was approved to be the national key project of the 13th Five-Year Plan: new energy vehicles project and smart grid project.

-On November 11, 2015, it ranked first in "automotive power battery industry standard conditions" compliance companies by Industry and Information Ministry.

Investment plan

-The company will invest USD 8 billion by 2020 to support the development of electric vehicles and energy storage systems. It is estimated that the company's global market share of new energy automotive batteries will reach 20% by 2020.The total output of lithium is expected to reach 50GWh by 2020. If the goal is achieved on schedule, the company will become the world's largest battery supplier beyond Tesla-Panasonic's 3.5GWh capacity by Nevada battery factory and BYD's previously announced 34GWh capacity.

Listing plan

-Contemporary Amperex Technology Co., Ltd. announced a plan to issue A shares for the first time on November 10, 2017, to raise CNY 13.12 billion for the construction of its lithium-ion battery plant in Huxi and a research and development project in the area of power and storage batteries. The total investment in the Huxi lithium-ion battery plant construction project is expected to reach CNY 9.86 billion. The investment in the power and storage battery research and development project is expected to total CNY 4.2 billion. (From a corporate announcement on November 13, 2017)